Category Archives: Global Economy

For much of the post-Great Recession era, economic policy in most major economies has been characterised by a mix of tight fiscal policy and loose monetary policy. This is changing, and may presage more difficult times for asset markets.

Central banks are facing an increasingly difficult political landscape, in which major governments are acting in a way that is either unconstructive for global financial equilibrium or outright destabilising for it. The gap between what the politicians consider important and what the central bankers are trying to achieve is widening.